Use our tax calculator to see how the Spring Statement affects you

The Chancellor, Rachel Reeves, has provided her latest economic update in the Spring Statement, focusing on inflation and wage growth forecasts for the next five years. While wages are expected to increase, frozen tax thresholds could result in higher tax payments. The Conservatives initially froze these thresholds until 2028-29, and Labour extended it until 2031. Use our calculator below to understand how your pay may be impacted.